<ul class="wp-block-list">
  
 <li>XRP bounced 23.2% in a day, raising its market value to $132.8 billion and overtaking Tether (USDT) in rankings.</li>   
 <li>XRP dominated Upbit’s trading action, with $3.69 billion in trades, representing 27.35% of the total volume.</li>   
 <li>XRP contacted a price of $2.45, achieving an FDV of $244.07 billion despite legal challenges.</li> 
</ul>   
<p>Just recently, XRP has brought its position in the crypto industry, surpassing Tether (USDT) to become the third ranking digital asset by market value. XRP now tracks Bitcoin and Ethereum in the overall market cap.</p>   
<h2 class="wp-block-heading" id="h-trading-volume-dominance-on-upbit-and-sec-recovery">Trading Volume Dominance on Upbit and SEC Recovery</h2>   
<p>XRP’s rise was emphasized by its trading activity on Upbit, <a href="https://www.coingecko.com/zh/exchanges/upbit" target="_blank" rel="noreferrer noopener">South Korea's largest crypto exchange</a> as noted by WuBlockchain via the X platform. The asset added 27.35% of the Upbit total trading volume over the past 24 hours, with $3.69 billion worth of XRP changing hands while BTC and ETH recorded lower trading volumes of $339 million and $225 million, respectively.&nbsp;</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/WuBlockchain/status/1863440230357094748 
 </div>
</figure>   
<p>The current performance of XRP marks a recovery from its lowest point during the U.S. Securities and Exchange Commission (SEC) lawsuit period when its price fell to $0.1037. The ongoing legal challenges have not hindered the cryptocurrency’s ability to attract investor confidence and market interest.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-market-rankings-and-achievements">Market Rankings and Achievements</h2>   
<p><a href="https://cryptonewsland.com/crypto-prices-today-december-2-xrp-and-hedera-lead-crypto-gains-as-btc-tests-100k-resistance/" target="_blank" rel="noreferrer noopener">&nbsp;XRP recorded a sharp price increase of 23.2%</a> in a single intraday, exceeding the $2 mark before standing at $2.33. This surge has driven its total market value to $132.8 billion, exceeding SOL.</p>   
<p>According to CoinMarket Cap, the <a href="https://cryptonewsland.com/analyzing-how-high-xrp-can-soar/" target="_blank" rel="noreferrer noopener">price movement shows consistent upward momentum</a>, reaching a peak of $2.45 at the time of writing. XRP’s fully diluted valuation (FDV) totals $244.07 billion. The volume-to-market cap ratio was recorded at 20.98%, emphasizing heightened trading activity within the analyzed period.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeMHPqSZbziP_36O1XlPBbcsFylHlFq5RsiorvgeqnSpzAHT0BODkYZZ-V-F6-IT2N9QmdGTmVmWFRIhG2bcglOuYX786gljDdtWJdThp25VJIC1YNBoj94ZcfYHfMuJVVICl5R4w?key=SB_pd3zTSMeKVjQT3lP8Wczq" alt="">
</figure>   
<p class="has-text-align-center"><strong><em>Source: </em></strong><a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener"><em>CoinMarket cap</em></a></p>   
<p>With its latest gains, XRP has picked its place as one of the top three cryptocurrencies by market value. This milestone underscores its competitive position in a market heavily dominated by Bitcoin and Ethereum. Additionally, the cryptocurrency’s ability to outperform Solana and USDT in market capitalization reflects its robust market performance amid fluctuating conditions.</p>    
<p>The post <a href="https://cryptonewsland.com/xrps-trading-volume-on-upbit-hits-3-69-billion-outperforming-btc-and-eth-volumes/">XRP’s Trading Volume on Upbit Hits $3.69 Billion, Outperforming BTC and ETH Volumes</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP’s Trading Volume on Upbit Hits $3.69 Billion, Outperforming BTC and ETH Volumes

Table of Contents

Crypto News Land

Other articles published on Dec 2, 2024

Brazil proposes to ban stablecoin withdrawals to self-custodial wallets

4 Things That Could Influence Crypto Markets This Week

PlayBlock Breaks Daily Trading Volume Records as New CopyTrader Feature Drives Surging Demand

Injective Unveils iAgent SDK to Automate Blockchain Tasks with AI

Trump Targets BRICS Over New Currency Plans

🗒 Daily Newsletter | Monday, December 02, 2024

Join our free newsletter for daily crypto updates!